Daniel Kang Purchases 13,000 Shares of DeFi Development (NASDAQ:DFDV) Stock

DeFi Development Corp. (NASDAQ:DFDV) insider Daniel Kang purchased 13,000 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was bought at an average cost of $2.91 per share, for a total transaction of $37,830.00. Following the completion of the purchase, the insider directly owned 13,000 shares of the company’s stock, valued at $37,830. The trade was a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

DeFi Development Price Performance

Shares of NASDAQ:DFDV opened at $3.08 on Wednesday. The firm has a market cap of $92.77 million, a price-to-earnings ratio of -0.31 and a beta of -3.93. DeFi Development Corp. has a 1 year low of $2.44 and a 1 year high of $20.30. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 12.53. The business has a fifty day simple moving average of $2.93 and a 200 day simple moving average of $3.65.

DeFi Development (NASDAQ:DFDV) last issued its earnings results on Wednesday, August 12th. The company reported ($0.21) EPS for the quarter. DeFi Development had a negative net margin of 1,319.45% and a positive return on equity of 17.97%. The firm had revenue of $3.31 million during the quarter.

Institutional Trading of DeFi Development

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Pantera Capital Partners LP bought a new position in shares of DeFi Development in the 3rd quarter valued at approximately $13,207,000. Alyeska Investment Group L.P. bought a new stake in DeFi Development during the third quarter worth approximately $9,489,000. Polar Asset Management Partners Inc. acquired a new position in DeFi Development during the third quarter valued at approximately $6,379,000. BlackRock Inc. acquired a new position in DeFi Development during the second quarter valued at approximately $1,067,000. Finally, Millennium Management LLC raised its position in shares of DeFi Development by 215.0% in the fourth quarter. Millennium Management LLC now owns 407,794 shares of the company’s stock valued at $2,059,000 after purchasing an additional 278,334 shares during the period. Institutional investors and hedge funds own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of DeFi Development in a research note on Friday, July 17th. Cantor Fitzgerald cut their price objective on shares of DeFi Development from $7.00 to $4.70 and set an “overweight” rating on the stock in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.70.

DeFi Development Company Profile

We are a B2B fintech marketplace connecting commercial property borrowers and lenders with a human touch. We seek to revolutionize the commercial real estate lending market by making it hyper-efficient, transparent, and accessible to all rather than the few. Through our online platform, we provide technology that connects commercial mortgage borrowers looking for capital to refinance, build, or purchase commercial property, including, but not limited to, apartment buildings, to commercial property lenders.